Corporacion America Airports S.A. (CAAP) got here out with a quarterly lack of $0.21 per share versus the Zacks Consensus Estimate of a lack of $0.33. This compares to lack of $0.35 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 36.36%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.42 per share when it really produced a lack of $0.28, delivering a shock of 33.33%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Corporacion America Airports S.A.Which belongs to the Zacks Transportation – Airline trade, posted revenues of $135.Three million for the quarter ended June 2021, lacking the Zacks Consensus Estimate by 5.45%. This compares to year-ago revenues of $81.73 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Corporacion America Airports S.A. Shares have added about 30.8% for the reason that starting of the yr versus the S&P 500’s acquire of 18.4%.
What’s Subsequent for Corporacion America Airports S.A.
Whereas Corporacion America Airports S.A. Has outperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe document of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Corporacion America Airports S.A. Was blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You may see the entire listing of right now’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.30 on $192.Four million in revenues for the approaching quarter and -$1.11 on $684.Four million in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Transportation – Airline is at present within the backside 33% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.